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AOG Daily: 2016 / May

Tuesday, 31 May 2016 01:49

SapuraKencana finds gas off Sarawak

SapuraKencana Energy discovered gas in two of the three wells drilled in 2015 within the SK408 block contract area, offshore Malaysia in Sarawak. The first…
Sunday, 29 May 2016 22:37

Carnarvon secures one more NWS permit

Carnarvon Petroleum has added another asset to its oil and gas exploration portfolio on Australia’s North West Shelf (NWS) with the acquisition of 100% interest…
Thursday, 26 May 2016 22:34

Icon in Q1 loss, eyes Brunei market

Malaysian offshore support vessel (OSV) provider Icon Offshore reported Q1 2016 revenue of RM51.83 million, a decrease of 18.5% from the RM63.59 million recorded in…
Thursday, 26 May 2016 03:19

PETRONAS strengthens China foothold

PETRONAS continues to strengthen its liquefied natural gas (LNG) presence in China with the conclusion of a contract extension with the JOVO Group, operator of…
Thursday, 26 May 2016 00:45

INPEX, MHI to study tech solutions

Japan’s INPEX and Mitsubishi Heavy Industries (MHI) reached an agreement to jointly study solutions for technological challenges in the energy sector, including utilizing the Internet…
Wednesday, 25 May 2016 20:31

Santos starts GLNG train 2

Santos announced that GLNG train 2 has started producing liquefied natural gas (LNG) on Curtis Island, Queensland. This follows first LNG production from train 1…
Wednesday, 25 May 2016 01:57

NT budget highlights onshore investment

The Northern Territory (NT) budget handed down by the government on Tuesday highlighted the need for investment in onshore gas projects in NT to create…
Tuesday, 24 May 2016 10:30

India's bid round opens tomorrow

The Indian government will launch a small field bidding round tomorrow (25 May) that consists of 67 discovered small fields in 46 shallow water, deepwater,…
Monday, 23 May 2016 23:04

CNPC inks new partnerships

To enhance oil and gas supply and support the stable economic development of Chongqing, China National Petroleum Corp. (CNPC) and the Chongqing Municipal Government have…
Sunday, 22 May 2016 23:11

Real to start Cooper basin fracking

Real Energy has commenced the five-stage fracture stimulation program of the Tamarama 1 well in ATP 927P in the onshore Cooper basin in Queensland. During the…
Thursday, 19 May 2016 23:24

Keppel to grow presence in Russia

Singapore’s Keppel Offshore & Marine has entered into an agreement with Russian oil major, Rosneft, and Norwegian drilling equipment firm MHWirth, to set up a…
Thursday, 19 May 2016 22:25

Woodside gets Myanmar boost

Woodside has reported an increase in its best estimate contingent resource by 83 MMboe to 4481 MMboe in Myanmar, following the announcement of two gas…
Thursday, 19 May 2016 21:48

Oil Search to buy InterOil

Oil Search has agreed to acquire its Papua New Guinea (PNG) rival InterOil for US$2.2 billion, creating a major independent PNG group.   The transaction,…
Wednesday, 18 May 2016 21:52

PETRONAS Q1 profit dips 60%

PETRONAS recorded 60% lower profit of RM6.8 billion for Q1 2016, compared to the RM17.0 billion posted in Q1 2015. Company revenue decreased 26% to…
Tuesday, 17 May 2016 22:18

Mubadala drills Thai Gulf well

Abu Dhabi-headquartered Mubadala Petroleum has commenced drilling the Sri Trang-1 exploration well in the Gulf of Thailand, using the Atwood Orca jackup. Sri Trang-1 is…
Tuesday, 17 May 2016 20:59

Queensland exploration at its lowest

Sunny Queensland, once a shining light for gas exploration in Australia, is now undertaking less exploration than it did 15 years ago, with severe decline…
Tuesday, 17 May 2016 01:12

Chevron Thailand to shed 800 jobs

US oil firm Chevron plans to lay off 800 staff this year in Thailand as it looks to cut US$500 million in cost to weather…
The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has provided BP an opportunity to modify and resubmit their environment plan for exploration drilling in…
Monday, 16 May 2016 22:49

PFLNG Satu sails to Malaysia

PETRONAS’ first floating liquefied natural gas (FLNG) facility, PFLNG Satu has set sail to the Kanowit gas field, offshore Sarawak, making its 2120 nautical mile…
Offshore engineering, procurement, installation and construction (EPIC) company, Swiber Holdings, reported net loss of US$0.2 million for Q1 FY16, but group revenue rose to $191.3…
Sunday, 15 May 2016 21:13

Santos spuds off Indonesia

Operator of the Northwest Natuna license, Santos, has started drilling the AAL-4X appraisal well, which sits in 72m water depth, using PT Apexindo's Raniworo jackup. …
Friday, 13 May 2016 09:41

KrisEnergy in threefold revenue boost

Singapore-based KrisEnergy reported major increases in revenue and production in Q1 2016, in which the Wassana and Nong Yoa fields contributed highly to.   Image…
Friday, 13 May 2016 02:04

Kim Heng inks Iranian partnership

Singapore’s Kim Heng Offshore & Marine will soon provide technical expertise and financing to Iranian offshore oil and gas projects, following its partnership agreement with…
The Indonesian government plans to implement a number of policies to maintain and attract the interest of upstream investors in the country, as a result…
Thursday, 12 May 2016 19:55

Dyna-Mac reports net loss

Singapore-headquartered Dyna-Mac reported a net loss of S$6.1 million for Q1 2016 as compared with a net profit of $1.6 million recorded in Q1 2015.…
Wednesday, 11 May 2016 03:46

India to auction 67 fields in May

India will auction 67 small oil and gas fields on 25 May that will test some of the key policy changes introduced by the government…
Tuesday, 10 May 2016 21:17

AWE rejects Lone Star takeover offer

Australian upstream company AWE has rejected an unsolicited AU$420 million takeover bid from US private equity group Lone Star Japan Acquisitions. AWE received a proposal…
Tuesday, 10 May 2016 04:48

Kim Heng reduces headcount, salary

Singapore’s integrated offshore and marine value chain services provider, Kim Heng Offshore & Marine, has implemented cost control initiatives to better prepare for the challenging…
South Korea’s Hyundai Heavy Industries (HHI) is implementing intense management reform plans including the voluntary retirement of manager-level employees as its shipbuilding business shrinks drastically. Image…
Monday, 09 May 2016 00:04

Vallianz Q1 earnings dip

Singaporean offshore support vessels (OSV) provider Vallianz Holdings’ Q1 2016 revenue dipped 18.8% to US$49.3 million, from the $60.7 million earned in Q1 2015. This…